Oct 1, 2012 3:00pm EDT
, problems in congress, problems with tax code, the problems in our government, the administration. also, listen, bernanke said -- >> maria, the fact that everyone's saying -- >> we didn't see 2008 coming either. >> the fact that everyone is saying qe is not having any effect means that they really are missing the boat. there was $3 trillion worth of corporate issuance in the year to date so far. $1 trillion worth of bonds were sold by corporations. that reduces, obviously, betters their balance sheets, reduces their rates so for the next ten years these corporations are going to be having the benefit of cheap money. 150 or 100 basis points over treasuries to issue cash, that's a great deal. using that money to buy back stock, using that money to pay dividends. tom lee had a great piece that said the outstanding shares of the new york stock exchange are as low as they have been in 1990. what's happening is you have a run-up to qe. the market anticipates that so of course the response is going to be muted to the qe. subsequent months later we then see the market continue to grind higher.
Oct 2, 2012 3:00pm EDT
had hoped, tax free. i'm very proud of the team, including my ex-cfo. they really put together a good plan with alibaba. which ever way they do it, probably share buy back, i actually have no idea, that's good for the shareholders. >> you know, it seems to me that it's a real crux or sort of a dilemma that you face when you're in technology and sort of a proponent of, you know, information flow across the world and dealing with a government that withholds information. how do you balance that? of course, i'm talking about the chinese. >> well, that was actually, you know, there were a lot of issues around that. not only with alibaba but also with all of the users in china. to make sure that we were doing the right thing for everyone relative to freedom of information, so that's not going to go away any time soon. it's just going to have many chapters. we're probably only in chapter three. >> what a tremendous fall. i mean, shareholders obviously, yourself included, have watched the company lose a tremendous amount of market value. you think yahoo! can get it back? >> i think they can.